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Rick Ross shared some photos of himself and Jay Z in the studio and that sent the rumor mill into overdrive. Some reports are claiming that the two hip hop titans are working on a new single, but now sources are telling us that Hov is in fact working on his new album.

“Jay is working on a new project and what you see going on in the studio is strictly about that,” sources told Urban Islandz on Tuesday. We’re also told Jay Z recorded some new material with Lil Wayne and that make sense given Weezy’s new alliance with Roc Nation and TIDAL, as we as his beef with Birdman and Cash Money. Hov and Yung Renzel have collaborated in the past several times, now it will be interesting to see what they are cooking up.